$BTC Why Bitcoin (BTC) is Dumping
1. Geopolitical Risk-Off Sentiment
Bitcoin fell ~2.7% to $104,763 (down to ~$103,274 intraday) as escalating tensions between Israel and Iran spurred a global risk-off move—capital shifted toward traditional safe havens like gold (+1.1%) rather than crypto
Individual major altcoins followed suit: Ether (–7.6%), XRP (–5.2%), Solana (–9%)
Crypto Still Behaving Like Risk Assets
Despite expectations of “digital gold”, Bitcoin’s selloff mirrored equities (S&P futures dropped ~1.4%)
Yesterday crypto slid from ~$110K to ~$107.7K after softer inflation data, reflecting typical risk-asset sensitivity to macro trends btcmarkets
3. Technical & Sentiment Factors
Analysts highlight bearish divergence on technical indicators like RSI/MACD, pointing to probability of a pullback in June
